A tragedy of juridification in international development finance

Giedre Jokubauskaite; David Rossati

doi:10.1080/02255189.2021.1895090

A tragedy of juridification in international development finance

Giedre Jokubauskaite^*, David Rossati

^*Corresponding author for this work

Research output: Contribution to Journal › Article › Academic › peer-review

Abstract

This article criticises the growing reliance on environmental and social (ES) policies by development finance institutions (DFIs), and the increasing use of corresponding accountability mechanisms to challenge development projects. The concept of juridification is used to explain this phenomenon and shows the crucial role of global civil society in expanding the reach of ES policies and accountability mechanisms. Linked to the competition between DFIs in the “marketplace” of international development finance, juridification also enables legal avoidance practices by the DFIs. The article shows that juridification in international development finance is “tragic” because the expansion of ES policies further marginalises the affected groups needing legal protection.

Original language	English
Pages (from-to)	39-58
Number of pages	20
Journal	Canadian Journal of Development Studies = Revue canadienne d'études du développement
Volume	43
Issue number	1
Early online date	22 Mar 2021
DOIs	https://doi.org/10.1080/02255189.2021.1895090
Publication status	Published - 2022

Keywords

accountability mechanisms
multilateral development banks
institutional competition
resistance
law and development

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1080/02255189.2021.1895090Licence: CC BY-ND

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International Law in a Dark Time
Rossati, D. (Participant)
22 May 2017
Activity: Participating in or organising an event › Workshop › Academic

Cite this

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abstract = "This article criticises the growing reliance on environmental and social (ES) policies by development finance institutions (DFIs), and the increasing use of corresponding accountability mechanisms to challenge development projects. The concept of juridification is used to explain this phenomenon and shows the crucial role of global civil society in expanding the reach of ES policies and accountability mechanisms. Linked to the competition between DFIs in the “marketplace” of international development finance, juridification also enables legal avoidance practices by the DFIs. The article shows that juridification in international development finance is “tragic” because the expansion of ES policies further marginalises the affected groups needing legal protection.",

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A tragedy of juridification in international development finance

Abstract

Keywords

UN SDGs

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International Law in a Dark Time

Cite this